Is NUVEEN SELECT MATURITIES MUNICIPAL FUND (NIM) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 85.4% | |
| Net Margin | 52.6% | |
| Return on Equity (ROE) | 2.1% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Current Ratio | 2.3 |
| Total Assets | $123M |
Price & Trading
| Last Close | $9.40 |
| 50-Day MA | $9.61 |
| 200-Day MA | $9.33 |
| Avg Volume | 19K |
| Beta | 0.2 |
|
52-Week Range
$8.80
| |
About NUVEEN SELECT MATURITIES MUNICIPAL FUND (NIM)
Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P Intermediate Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen Select Maturities Municipal Fund was formed on September 18, 1992 and is domiciled in the United States.
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Frequently Asked Questions
Is NUVEEN SELECT MATURITIES MUNICIPAL FUND (NIM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NUVEEN SELECT MATURITIES MUNICIPAL FUND is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is NUVEEN SELECT MATURITIES MUNICIPAL FUND's debt ratio?
NUVEEN SELECT MATURITIES MUNICIPAL FUND's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are NUVEEN SELECT MATURITIES MUNICIPAL FUND's key financial metrics?
NUVEEN SELECT MATURITIES MUNICIPAL FUND has a market capitalization of $118M, trailing P/E ratio of 45.0, and revenue of $2M. The company maintains a gross margin of 100.0% and a net margin of 52.6%. Return on equity stands at 2.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.